Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. JAFCO Group Co., Ltd.
  6. News
  7. Summary
    8595   JP3389900006

JAFCO GROUP CO., LTD.

(8595)
  Report
Delayed Japan Exchange  -  02:00 2022-09-26 am EDT
2132.00 JPY   -0.47%
09/21Certain Common Stock of Microwave Chemical Co., Ltd. are subject to a Lock-Up Agreement Ending on 21-SEP-2022.
CI
08/31Gaudiy Inc. announced that it has received ¥3.4 billion in funding from a group of investors
CI
08/31OVice, Inc. announced that it has received ¥4.5 billion in funding from a group of investors
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Japan's JAFCO weighs takeover defence against activist

08/15/2022 | 05:21am EDT

TOKYO (Reuters) - JAFCO Group Co Ltd said on Monday it may introduce a "poison pill" takeover defence after a group of shareholders backed by a prominent activist investor "hinted" they could buy a majority stake in the major Japanese venture capital firm.

An investor group led by Yoshiaki Murakami told JAFCO in meetings early this month that they had amassed nearly 15% of its shares and suggested that there is a possibility of increasing their stake to 51%, the firm said in a regulatory filing.

The Murakami group also requested that JAFCO buy back shares worth about 50 billion yen ($374.76 million), or a third of its market value, the filing said.

A representative for the group's main fund, which is called City Index Eleventh, declined to comment when contacted by Reuters and asked about possibly raising its stake to 51%.

Given the threat of a takeover, JAFCO's board on Monday decided to introduce countermeasures, including an option to issue stock warrants to existing shareholders which would dilute the stake held by the Murakami-related parties, when required conditions are met.

A poison pill that targets a specific bidder - called an emergency poison pill in Japan - was first successfully employed in 2020 by Toshiba Machine, renamed Shibaura Machine, in its fight against Murakami.

($1 = 133.4200 yen)

(Reporting by Makiko Yamazaki; editing by Jason Neely)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
JAFCO GROUP CO., LTD. -0.47% 2132 Delayed Quote.-2.93%
TOSHIBA CORPORATION -0.50% 5171 Delayed Quote.9.87%
All news about JAFCO GROUP CO., LTD.
09/21Certain Common Stock of Microwave Chemical Co., Ltd. are subject to a Lock-Up Agreement..
CI
08/31Gaudiy Inc. announced that it has received ¥3.4 billion in funding from a group of inve..
CI
08/31OVice, Inc. announced that it has received ¥4.5 billion in funding from a group of inve..
CI
08/31Third Inc. announced that it has received ¥2.6 billion in funding from JAFCO Group Co.,..
CI
08/22CBA Inc. announced that it has received ¥230 million in funding from JAFCO Group Co., L..
CI
08/19Sharing Energy Co., Ltd. announced that it has received ¥5.59 billion in funding from a..
CI
08/193-shake Inc. announced that it has received ¥848 million in funding from JAFCO Group Co..
CI
08/16Japan's Nikkei closes flat amid economic worries, shippers top losers
RE
08/15Shippers, energy stocks drag Japan's Nikkei lower as slowdown fears weigh
RE
08/15Jafco : Notice Concerning the Introduction of the Basic Policies for the Control of the Co..
PU
More news
Financials
Sales 2023 23 262 M 161 M 161 M
Net income 2023 8 773 M 60,8 M 60,8 M
Net Debt 2023 - - -
P/E ratio 2023 16,7x
Yield 2023 2,44%
Capitalization 152 B 1 050 M 1 050 M
Capi. / Sales 2023 6,51x
Capi. / Sales 2024 5,70x
Nbr of Employees -
Free-Float 81,0%
Chart JAFCO GROUP CO., LTD.
Duration : Period :
JAFCO Group Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JAFCO GROUP CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Last Close Price 2 132,00 JPY
Average target price 1 966,67 JPY
Spread / Average Target -7,75%
EPS Revisions
Managers and Directors
Shinichi Fuki Director
Keisuke Miyoshi Director & Head-Investment
Hiroaki Matsuda Executive Officer & Manager-Administration
Yoshinaga Tanimoto Administration Group Leader
Koji Tanami Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
JAFCO GROUP CO., LTD.-2.93%1 063
BLACKROCK, INC.-35.41%89 163
BROOKFIELD ASSET MANAGEMENT INC.-22.02%68 710
UBS GROUP AG-11.27%48 388
BANK OF NEW YORK MELLON CORPORATION (THE)-30.84%32 462
APOLLO GLOBAL MANAGEMENT, INC.-31.52%28 395